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Tilson Mutual Funds
A NO-LOAD Family of Funds
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Daily Price Quotes
The daily prices of the Tilson Focus Fund and Tilson Dividend Fund are updated at www.ncfunds.com/fundpages/135.htm and www.ncfunds.com/fundpages/136.htm , respectively, each business day within a few hours of the market close.
An investor should consider the investment objectives, risks, and charges and expenses of the Funds before investing. The prospectus contains this and other information about the Funds. A copy of the prospectus is available by clicking here or calling the fund directly at 888-484-5766. The prospectus should be read carefully before investing.

Investment in the Funds is subject to investment risks, including, without limitation, market risk, management style risk, sector focus risk, foreign securities risk, nondiversified fund risk, portfolio turnover risk, credit risk, interest rate risk, maturity risk, investment-grade securities risk, junk bonds or lower-rated securities risk, derivative instruments risk and real estate securities risk.

Distributor: Capital Investment Group, Inc., 116 S Franklin St, Rocky Mount, NC 27804, 800-773-3863
RECENT NEWS
Whitney Tilson, co-Portfolio Manager of the Tilson Focus Fund, was one of five investors included in SmartMoney's Power 30.
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PORTFOLIO MANAGERS
Whitney R. Tilson and Glenn H. Tongue manage the Tilson Focus Fund, and Zeke Ashton and Matthew Richey manage the Tilson Dividend Fund. For further information, click here.